The output of artificially cultured seawater aquatic products in China has seen a consistent upward trend from 2013 to 2023. In 2023, it stood at 23.3 million metric tons, growing from 16.6 million metric tons in 2013. The period 2013-2023 exhibited an annual growth rate varying between 1.53% to 6.61%, with a Compound Annual Growth Rate (CAGR) averaging 3.92% in the last five years.
Year-over-year growth percentages for the last two years were recorded at 2.62% in 2022 and 2.6% in 2023, showing a slightly decelerating trend. The forecasted data from 2024 to 2028 indicates a lower growth trajectory, with a forecasted five-year CAGR of 1.84% and an overall growth rate of 9.56% by 2028.
Future trends to watch for include:
- Technological advancements in aquaculture techniques which can drive productivity.
- Increasing demand for sustainable marine products.
- Government policies supportive of artificial aquaculture development.
- Environmental and climate factors affecting marine ecosystems.